NEWS ECONOMY NEWS        16/09/2020

OECD revises Turkey’s GDP contraction in 2020 to 2.9%

The Organisation for Economic Co-operation and Development (OECD), in its “Interim Economic Outlook Forecast. September 2020” report, has revised Turkey’s growth figures. It has revised Turkey’s 2020 contraction from (4.8%) to (2.9%), and Turkey’s 2021 growth figure from 4.3% to 3.9%.

 



Turkey’s net minimum wage has been raised 30% to TL 22,104 (USD 626) as of 01.01.2025       Migration communication helpline 157 available for foreigners in Turkey       Read our homepage articles on developments in the Turkish economy       Turkey’s official annual inflation rate decreases to 42.12% in January 2025       Turkey’s official unemployment rate is 8.5% in December 2024       Read our BUSINESS section for latest sectoral and corporate news       Turkey’s population is 85,664,944 as of 2024 yearend       No. of foreigners visiting Turkey in 2024 increased 7% to 52.6 million       Turkey’s private sector foreign debt is USD 162.6 billion as of yearend 2023       Turkey’s economy grew 5.1% in 2023       FDI to Turkey is USD 11.3 billion in 2024       Turkey’s current account deficit is USD 10 billion in 2024